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  • Budget Gimmicks

    Reid Suggests Exploiting Budget Gimmicks for Sequestration

    Senate Majority Leader Harry Reid (D–NV) is proposing not one but two old budget gimmicks to spend $85 billion more in 2013 than allowed under sequestration. Contrary to Senator Reid’s claim that “it wouldn’t add a penny to the deficit,” this spending would in fact add every single penny in … More

    5 New Year’s Resolutions for Congress in 2013

    While many Americans resolve to make 2013 the year they really do slim down, exercise more, and spend less, Congress could afford to commit to a few such resolutions of its own. Call them budget resolutions—something Congress hasn’t had in a while. Here are five suggestions: Cut spending. The federal … More

    Morning Bell: What Will the Fiscal Cliff Deal Look Like?

    This week, President Obama and House Speaker John Boehner (R-OH) have been trading secret offers on the fiscal cliff. Last night, they met for nearly an hour, and emerged with zipped lips about what progress—if any—they made on averting tax hikes across the board and automatic, deep budget cuts that … More

    Chart of the Week: Obamacare’s Bundle of Budget Gimmicks

    President Obama has touted reports from the Congressional Budget Office claiming his health care law would actually decrease the deficit. But due to a bundle of budget gimmicks and other legislation, calculations show that Obamacare actually adds $698 billion to the deficit. This week’s chart outlines each of those budget … More

    Don’t Be Fooled – House Health Care Bill Would Raise Long-Term Deficits

    Contrary to several reports, the House Democratic health care bill (H.R. 3200) is not deficit-neutral, but would raise deficits to alarming new levels over the long term. It would do this by relying on several old warhorse budget gimmicks. According to the Congressional Budget Office (CBO), H.R. 3200 would increase … More